UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
COMMUNITY SAVINGS BANKSHARES, INC.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
204037105
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(CUSIP Number)
David J. Harris, Esq.,
1775 Eye Street, N.W. Washington, D.C. 20006 (202) 261-3385
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 31, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 5 Pages
<PAGE>
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1
NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Josiah T. Austin, S.S.N. ###-##-####
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2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |x|
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3
SEC USE ONLY
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4
SOURCE OF FUNDS
OO and WC
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5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
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6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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----------------------- --------- ----------------------------------------------
NUMBER OF 7
SHARES SOLE VOTING POWER
BENEFICIALLY
OWNED BY 931,652
EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------
8
SHARED VOTING POWER
0
--------- ----------------------------------------------
9
SOLE DISPOSITIVE POWER
931,652
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10
SHARED DISPOSITIVE POWER
0
----------------------- --------- ----------------------------------------------
------------ -------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
931,652
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12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES |_|
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13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.91%
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14
TYPE OF REPORTING PERSON
IN
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<PAGE>
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1
NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
El Coronado Holdings, L.L.C.
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2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |x|
--------- ----------------------------------------------------------------------
3
SEC USE ONLY
--------- ----------------------------------------------------------------------
4
SOURCE OF FUNDS
OO and WC
--------- ----------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) |_|
--------- ----------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona
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----------------------- --------- ----------------------------------------------
NUMBER OF 7
SHARES SOLE VOTING POWER
BENEFICIALLY
OWNED BY 879,163
EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------
8
SHARED VOTING POWER
0
--------- ----------------------------------------------
9
SOLE DISPOSITIVE POWER
879,163
--------- ----------------------------------------------
10
SHARED DISPOSITIVE POWER
0
----------------------- --------- ----------------------------------------------
------------ -------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
879,163
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12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES |_|
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13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.29%
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14
TYPE OF REPORTING PERSON
HC
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<PAGE>
ITEM 1. Security and Issuer.
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This Amendment No. 4 to Statement on Schedule 13D originally filed on
April 22, 1999 is filed with respect to the Common Stock, par value $.01 per
share (the "Common Stock"), of Community Savings Bankshares, Inc. (the
"Company"). The address of the principal executive office of the Company is 660
U.S. Highway 1, North Palm Beach, Florida 33408. This statement is being filed
to reflect the following amendments to Item 3 and Item 5. As a result of the
Company's stock repurchases, Mr. Austin's and El Coronado Holdings LLC's ("ECH")
beneficial ownership of the Company's Common Stock has increased by more than
one percent.
Item 3. Source and Amount of Funds or Other Consideration
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The first paragraph of Item 3 is hereby amended and restated to read in
its entirety:
The total consideration for all shares of Common Stock acquired to date
is $11,411,108.23. The Shares herein reported as being beneficially owned by the
Reporting Persons were acquired as follows:
Subsection (2) of Item 3 is hereby amended by adding the following:
(2) Austin, as the sole Managing Member of ECH whose principal business
address is Star Route 395, Pearce, Arizona 85625, purchased from March 27, 2000
to December 1, 2000, a total of 63,000 shares in the open market for an
aggregate consideration of $684,113.37. All purchases were made through various
brokerage firms, and the primary source of funding for these acquisitions was
available funds.
Subsection (3) of Item 3 is hereby amended by adding the following:
(3) Acting on behalf of the Christina E. Lowery Trust, in his capacity
of Trustee, Austin purchased on August 2, 2000 a total of 100 Shares in open
market transactions for an aggregate consideration of $1,257.95. The primary
source of funds for this acquisition is existing funds of the Trust.
Subsection (4) of Item 3 is hereby amended by adding the following:
(4) Acting on behalf of the Matthew Austin Lowery Trust, in his
capacity of Trustee, Austin purchased on August 2, 2000 a total of 100 Shares in
open market transactions for an aggregate consideration of $1,257.95. The
primary source of funds for this acquisition is existing funds of the Trust.
ITEM 5. Interest in Securities of the Issuer.
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Paragraph (a) of Item 5 is amended and restated to read as follows:
(a) Austin, in his personal capacity, as Trustee of the trusts and as
Sole Managing Member of ECH, is the beneficial owner of 931,652 shares (10.91%)
(based on the Company's Quarterly Report on Form 10-Q dated October 31, 2000
indicating 8,542,363 shares outstanding as of October 23, 2000) of the Common
Stock. ECH is the beneficial owner of 879,163 shares (10.29%) of the Common
Stock.
Paragraph (c) of Item 5 is amended and restated as follows:
(c) No transactions in the Shares have been effected by the Reporting
Persons during the last sixty (60) days, except the following transactions, each
of which was made in a broker's transaction in the open market. Prices do not
include brokerage fees.
Reporting Sale/ No. of Price Per
Person Purchase Date Shares Share
Austin on behalf Purchase 12/01/00 3,000 $12-1/2
of El Coronado
Holdings
Signature
After reasonable inquiry and to the best knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
Date: December 19, 2000 /s/ Josiah T. Austin
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Josiah T. Austin
Individually, as sole Managing Member
of El Coronado Holdings, L.L.C., and
as Trustee of the Trusts
<PAGE>
